Accounting and Financial Software
Software provides international securities processing.
Press Release Summary:
Gloss v5.1 processes trades executed in 90 countries and provides connectivity to over 250 custodians internationally. It includes event capture and entitlement processing, position updates, and counterparty claims handling. Users can add proactive follow-up requests to trades after they have been captured on system. Supervisory feature for SWIFT processing enables viewing and monitoring of outgoing SWIFT messages, and XML-based reporting tool provides customer access to data.
Original Press Release:
ADP Wilco Announces New Release of its Gloss International Trade Processing and Settlement Platform
Automatic Data Processing, Inc. (NYSE: ADP) subsidiary ADP Wilco has announced the latest release of its international securities processing platform. The new release, Gloss version 5.1, is now available and includes a range of additional features and functional enhancements that have been added in response to market demand.
Transaction management and reporting enhancements include the ability to add proactive follow-up requests to trades after the trades have been captured on the system. ADP Wilco has also increased its support for short-sell trades, and a supervisory feature has been added for SWIFT processing, enabling the viewing and monitoring of outgoing SWIFT messages.
Connectivity has been added to enable Gloss to interface to ADP Wilco's German market reporting suite for Paragraph 9 transaction reporting to the Germany regulator, BaFin.
Customer access to data has been further improved through a new XML-based reporting tool, and through the addition of a range of new standard reports.
New cross-border trade confirmation services include 15A6 confirms for US cross-border "flip trades". In addition, a new confirmation template facility has been added to accommodate local language requirements.
Announced corporate action events are now fully integrated in Gloss 5.1. This includes event capture and entitlement processing, position updates, and counterparty claims handling.
Gloss currently processes trades executed in 90 different countries and provides connectivity to over 250 custodians internationally.
About ADP
As the premier provider of transaction services to the financial industry, ADP has the capacity and technological expertise to assist its clients in differentiating themselves in the marketplace. ADP brings to financial intermediaries advanced, integrated systems for securities processing, desktop productivity and investor communication services, all focused on providing solutions for straight through processing and World Class Service.
ADP, with $8.5 billion in revenues and approximately 590,000 clients worldwide, is one of the largest providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions. For more information about ADP Brokerage Services Group, please visit www.bsg.adp.com and for other ADP services and investor information, please visit www.adp.com.
